In 2023, the import of aluminium ores and concentrates to South Africa stood at 2.505 million US Dollars. The forecasted data for the years from 2024 to 2028 shows a gradual decline: 2.44 million USD in 2024, 2.3765 million USD in 2025, 2.3142 million USD in 2026, 2.2531 million USD in 2027, and 2.1933 million USD in 2028. This indicates a consistent downward trend over the forecasted period. Year-on-year, the import value decreases by approximately 2.6% in 2025, 2.62% in 2026, 2.64% in 2027, and 2.65% in 2028. Over the period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately -2.6%, reflecting the average annual reduction in import value.
Future trends to watch for include potential changes in global aluminium supply chains, shifts in South African industrial demand, and any new trade policies or tariffs that may impact import volumes and values. Additionally, technological advancements in aluminium production and alternative materials might influence future import dynamics.
